House prices rise £2,500 in June but ‘early signs’ suggest market is slowing June 21, 2021 House prices rose again this month, bringing the UK’s average house price to a new record high, however there are early signs the market is starting to slow down. House prices rose £2,509 this month, a relatively modest rise 0.8 per cent, pushing house prices to a new record high of £336,073. June’s rise was [...]
London lost £20bn in home sales during Covid-19, but these boroughs bucked the trend June 16, 2021 London lost £20bn in home sales during hte first 14 months of Covid-19, these capital boroughs bucked the trend
House market cooled in April with prices falling £5,000 from record March June 16, 2021 House prices in the UK fell 1.9 per cent in April, as buyers and sellers renegotiated terms under the impression the stamp duty holiday saving would no longer be on the table. In April, the average house price in the UK stood at £250,772, nearly two per cent or around £5,000 lower than in March, [...]
Pandemic pressures leave would-be first-time buyers further from homeownership June 16, 2021 The impact of the pandemic, both on the property market and on personal finances, has left a gulf between struggling would-be first-time buyers and those already on the ladder. More than four-in-10 first-time buyers delayed plans to buy a home in 2020, with the majority saying raising a deposit is the biggest barrier to homeownership, [...]
So much for the pandemic exodus: Home sellers’ confidence grows while WFH drives suburb popularity June 9, 2021 London has brushed off fears its population plan to leave en-masse, however home working has influenced where workers would like to live in the capital. Much has been made of the ‘London exodus’; the idea being that professionals who are no longer obligated to sit at a desk for five days per week would rather [...]
London house prices: Home buyers increasingly face a sellers’ market June 9, 2021 London’s property market witnessed a 19.4 per cent decrease in the number of sellers willing to drop their asking prices, according to new data shared with City A.M. this morning. The uplift in sellers’ confidence, researched by Chestertons, echoes Halifax’s latest House Price Index for May, which revealed that the average property price in London [...]
Young Londoners moved house more than anyone else during the pandemic June 9, 2021 Nearly two-in-five (39%) young Londoners moved house during the pandemic in the hope of securing a better quality of life. Employees in London were keener to move than employees elsewhere in the country, according to research by Close Brothers. More than a third (36%) of those aged 18 to 34 moved house during the pandemic, [...]
UK housing market is ‘on fire’ and will widen wealth gap, says BoE’s Haldane June 8, 2021 The UK housing market is “on fire”, and as a result is likely to hit those without property especially hard, Andy Haldane, chief economist at the Bank of England, has said. The housing market has been fuelled by a combination of government incentives for buyers, like the stamp duty holiday, more demand from households with [...]
Luxury development for super-rich under construction in Central London featuring £60m property June 8, 2021 A £500m luxury development that offers views of Hyde Park and Kensington Palace Gardens is under construction in central London, featuring 57 residencies prices from £2m to £60m. The development, called Park Modern, will offer the super-rich a chance to nab prime location luxury properties with views over London’s Royal Parks. Developer Fenton Whelan [...]
London won’t see exodus – but property growth rates may slow, says Onthemarket June 8, 2021 Property growth rates in the capital could slow in the medium-term, as pandemic-led lifestyle changes like wanting a garden or office space are likely to continue. House prices in the UK have on average grown by £22,000 in the last 12 months, according to the latest figures from Halifax, however prices in London have lagged [...]